What are Personal service companies?

We'll briefly explain what a personal service company (PSC) is and why you may be operating as a PSC.

By Chris Andreou
Last updated
February 2, 2024
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What are Personal service companies guide
What are Personal service companies guide

What is a Personal Service Company (PSC)?

While there isn’t a legal or formal definition of the term, personal service companies (PSC) refer to limited companies that are owned by a contractor, who is also the only shareholder and sole director. In some instances, the company may also be owned by a very small group of individuals.

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